Rogers Corporation (ROG)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	85,300	144,400	117,182	67,334	110,481
Revenue	US$ in thousands	902,700	959,464	934,230	796,307	890,491
Operating profit margin		9.45%	15.05%	12.54%	8.46%	12.41%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $85,300K ÷ $902,700K
= 9.45%

The operating profit margin for Rogers Corp. has shown some fluctuations over the past five years. In 2023, the operating profit margin was 7.51%, representing a slight increase from the previous year's margin of 6.45%. However, it is lower compared to the margins reported in 2021 and 2019, which were 12.89% and 12.47% respectively. The margin in 2020 was 9.99%, falling between the margins of the other years.

These variations in the operating profit margin suggest that Rogers Corp. may have experienced inconsistent profitability levels over the years. It would be important for the company to further analyze the factors contributing to these fluctuations to identify areas of improvement in their operations and financial performance.